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Standstill in the Strait of Hormuz, new inflation data, Warsh’s Senate hearing and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Have any letters you’ve been meaning to send? You might want to get them in the mail sooner rather than later: The U.S. Postal Service is looking to hike prices as it goes through what it calls a “severe financial […]
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Behind China’s ‘active efforts’ for an Iran ceasefire: Business trumps politics
BEIJING — China’s ties with countries such as Iran and Russia have raised expectations of a bigger diplomatic role, but Beijing remains focused on protecting its own domestic interests, including global exports. That stance underpins Beijing’s circumspect acknowledgment of reports that it pushed Iran toward this week’s temporary ceasefire. A New York Times report cited […]
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What this real-world oil price says about the level of stress in the energy market
A general view of Navigator Terminals, an Oil storage depot along the River Thames on March 10, 2026 in London, England. Dan Kitwood | Getty Images News | Getty Images The fluctuating price of dated Brent, the global benchmark for real-world barrels of crude, has prompted energy analysts warn to that acute stress in the […]
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Oil edges higher as U.S.-Iran ceasefire fails to boost traffic via Strait of Hormuz
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas. Richard Carson | Reuters Oil prices edged higher in choppy trading Friday as tensions around the Strait of Hormuz deepened, with the vital shipping lane still largely closed despite […]
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China factory prices return to growth after 3 years, beating expectations on surging oil prices
HUAIAN, CHINA – MARCH 09: Vehicles queue at a petrol station on March 9, 2026 in Huaian, Jiangsu Province of China. Zhao Qirui | Visual China Group | Getty Images China’s factory-gate prices rose for the first time in more than three years while consumer inflation moderated in March, amid a surge in oil prices […]
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Asia-Pacific markets open mostly higher as a fragile Iran-U.S. ceasefire keeps investors on edge
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel. Source
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Trump says Iran ‘better stop now’ if it is charging fees to oil tankers to go through Strait of Hormuz
President of the United States Donald J. Trump speaks to press at the White House, Washington, D.C., US, on April 6, 2026. Kyle Mazza | Anadolu | Getty Images President Donald Trump on Thursday said that Iran “better stop now” if it is charging fees to oil tankers passing through the Strait of Hormuz. Trump’s […]
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Iran attacks on crucial Saudi pipeline and production facilities slash kingdom’s oil output
Saudi Arabia’s critical pipeline to the Red Sea suffered a recent attack from Iran, cutting throughput by 700,000 barrels per day. The attack hit a pumping station on the East-West pipeline, according to a state-news agency report. This pipeline brings crude oil from processing facilities near the Persian Gulf to an export terminal on the […]
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Keir Starmer: ‘I’m fed up’ with Trump and Putin affecting UK energy costs
British Prime Minister Keir Starmer delivers remarks at the top of the Cabinet meeting to mark the fourth anniversary of Russia’s full-scale invasion of Ukraine at Downing Street on February 24, 2026 in London, England. Wpa Pool | Getty Images News | Getty Images British Prime Minister Keir Starmer said he is “fed up” seeing […]
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The Strait of Hormuz is not open as Iran controls access after ceasefire, UAE oil CEO says
The Strait of Hormuz has not opened to ship traffic after the U.S. and Iran agreed to a two-week ceasefire, said the CEO of Abu Dhabi National Oil Co., or ADNOC, on Thursday. “This moment requires clarity,” said Sultan Ahmed Al Jaber in a social media post. “So let’s be clear: the Strait of Hormuz […]
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